Jeff Adams Real Estate Investors - How to Avoid Scam

1. Jeff Adams Real Estate Investors - How to Avoid Scam

2. Introduction • Most real estate investors are respectable professionals who embark on ethical behavior. Nevertheless, in today's market there are numerous circling like vultures waiting to discover their next dinner. They sit within the sidelines, scouring court records and newspapers intended for foreclosure notices. They swoop into action and provide to save the morning by purchasing the distraught homeowner's residence for pennies within the dollar.

3. Real Estate Scam • Most significant real estate scams comes from the lucrative lure of buying foreclosure properties. People claim you can acquire these properties for half of their value. This is rarely, if previously, the case. Truth be known, foreclosure homes can be quite complex. They oftentimes have creditor and tax liens that come with them. In some cases, homeowners typically leave the premises and investors must embark on eviction action. Needless to say, things can obtain ugly quite quickly.(Jeff Adams tips to avoid scam)

4. REO properties • Property owned properties are offered by many banks and frequently posted on their websites. Look through any nearby phone directory and compile a summary of banks in your area. Then use your best search engine to locate their website. Generally, you'll find a hyperlink on the homepage directing you to a summary of REO properties obtainable. A better option would be to purchase REO properties from private investors who focus on purchasing bank portfolios. These investors buy in bulk which enable it to obtain properties at low cost. It's not uncommon to get real estate owned or operated properties for 30- to be able to 40-percent under marketplace value.

5. Author • More Real estate investor tips: Jeff Adams